$ZEC - looks extremely weak. The price is trapped under dynamic resistance and is making new local lows. Additional pressure comes from news about technical vulnerabilities in the private pool Orchard, which is scaring off investors and prompting large funds to secure their positions. The round number $395.00 is the last line of defense before the price heads into a vacuum zone. Breaking through this liquidity layer will trigger a cascade of stop-loss orders from buyers.
Short $ZEC
Entry 395.90 or on a test of the $402.50 level on a bounce.
Stop 411.00
Take 365.00
Vertical volumes on the hourly candlestick chart are piling up exactly on the red candles, confirming the strength of sellers and the absence of limit demand.
$ZEC
DYOR
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